Fireproofing Materials Market Size to Worth Around USD 1.54 Billion by 2028 | Share, Trend, Forecast, & Competitive Analysis| By IMR

Market Overview:

The global Fireproofing Materials Market was valued at USD 0.77 billion in 2021 and is expected to reach USD 1.54 billion by the year 2028, at a CAGR of 10.4%.

Fireproofing offers materials and structures resistance to fire so that during an accidental case of fire the critical structures keep operating until the fire is brought under control. Fireproofing is known as applying certain products over the materials or structures which overcome the rise of fire and hence, plant operators get sufficient to play against the fire. In refineries, petrochemical plants, power plants, process terminals, and many other places where the chances of fire are high, different codes and standards (like NFPA) suggest the licensor apply fireproof. For that purpose, Equipment, and structures are fireproofed up to a certain height or whole equipment as dictated by guidelines.

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• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

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Market Dynamics:

Driver:
The strict legal framework and industry standards and regulations have a significant impact on the market for fireproofing materials, particularly in Europe and North America. Innovative fireproofing materials are gaining popularity as a result of these regulations. They are shifted over various locales, contingent upon the related public guidelines for well-being and natural security. The demand for fireproofing materials like intumescent coatings and cementitious coatings in construction materials is increasing as a result of the stringent fire regulations.

Opportunities:
Augmenting Demand for Coatings
Insulating coatings are covering frameworks that are expected to be used on primary components in building and development, across different businesses, to offer a sufficient salvage and ejection time during fire mishaps. Severe fire security standards and guidelines by states, as well as an insurance agency, and quick urbanization, have expanded the utilization of fire insurance coatings in building and development projects. The active layer, which serves as a shield when exposed to an increase in temperature, makes up the majority of fireproofing coatings.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help

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Market Segmentation

Segmentation Analysis of Fireproofing Materials Market:

Based on the Type, the Intumescent Coatings segment is expected to dominate the Fireproofing materials market during the forecast period. When heated, intumescent paints expand and form a heat-resistant barrier.

Based on End-Use, the Commercial segment is expected to dominate the Fireproofing materials market during the forecast period. It is also known as institutional construction.

By Type
• Gypsum Based
• Cementitious Coatings
• Cement-Based
• Intumescent Coatings
• Others

By Application
• Industrial
• Commercial
• Residential
• Onshore
• Offshore

By End-Use Industry
• Structural Steel Fireproofing
• Cable & Wire Tray Fireproofing
• Pipe
• Duct
• Others

Regional Analysis of Fireproofing Materials Market:
North America region is expected to dominate the Fireproofing Materials market during the forecast period. Due to the well-established industries and increased safety consciousness among the populace, the North American market is anticipated to sustain its leading position during the forecast period. Furthermore, strict laws and regulations specified by the OSHA, ANSI, UL, NFPA, and CCOHS in economies such as America and Canada, specify the standards that products need to stick to and fire codes.

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Fireproofing Materials Market are :
• 3M (US)
• Ugam Chemicals (India)
• BASF SE (Germany)
• Encon Insulation Ltd (UK)
• Akzo Nobel N.V. (Netherlands)
• Isolatek International (US)
• Sika AG (Switzerland)
• Etex Group (Belgium)
• FlameOFF Coatings Inc. (US)
• PPG IndustriesInc (US)
• Carboline (US)
• Jotun Group (Norway)
• Rockwool International AS (Denmark)
• RPM International Inc. (US)
• Iris Coatings S.r.l (Italy)

Key Industry Developments In The Fireproofing Materials Market
In January 2021, Firetherm, a smart passive fire protection company, shifted under the brand Nullifire (a part of RPM International Inc.) and began to provide across the UK under the same brand name.

In June 2021, Carboline declared the accession of , a global leader in high-performance coatings, flooring, and tank linings, headquartered in Streetsboro, Ohio. has furnished solutions in corrosion resistance and chemical containment systems for different applications such as food processing, steel production, pulp & paper, chemical processing, power, electronics, and biological research labs.

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